Some Theory of Industrial and Economic Democracy

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Abstract
This paper explores a general framework in which one may begin to address the question as to what the impact of increasing labour participation is upon capitalist firms. A conceptual framework for studying the impact upon the power distributions, the rate of exploitation and upon democratic legitimation is outlined in the context of neo-classical Marxism and new concept of exploitation. The interrelationship between participatory reform and the establishment of industrial producer co-operatives is also briefly studied.